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Staking Algorand (ALGO) with Pera Wallet

This article describes how to sign up for the Algorand Community Governance Program with your Ledger device connected to Pera Wallet and get ALGO staking rewards*.  

Before you start

 Most importantly

  • Being a governor requires active participation in voting decisions.
  • Non-voting governors will not be able to collect ALGO staking reward at the end of a governance period.
  • As such, it's strongly recommended to familiarize yourself with the duties of a governor before committing ALGOs. More on this here.

Ready? Let’s dive in.

Install the Algorand (ALGO) app on your Ledger device

  1. Connect and unlock your Ledger device.
  2. Open Ledger Live and navigate to My Ledger.
  3. If asked, allow access to My Ledger by pressing both buttons on your Ledger device simultaneously. 
  4. In My Ledger, select the App catalog, search for Algorand (ALGO), and click Install.
    You're done.
    mceclip0.png

Sign up to the governance program

  1. Connect your Ledger Algorand (ALGO) account to Pera app by following these steps.
  2. Next, open your browser and navigate to the Governance website.
  3. On the website, make sure an active governance period is selected.

    mceclip0.png
  4. Select 'Connect Wallet' > 'Pera Wallet'.

  5. If you're on mobile, choose the Pera mobile option. If you are on a desktop, however, please select the Pera Web option.

  6. Unlock Pera with your password and click 'Launch Pera'.
  7. Finally, click on 'Use'.

    mceclip3.png
    Your Ledger Algorand (ALGO) account connects to the Governance website.
  8. Before you proceed to the next step, make sure your Ledger device is unlocked and the Algorand app is open on your device.
    Your Ledger device displays: Algorand Ready.
  9. Back to the website, select Commit ALGOs, choose how much ALGO you want to commit then click Commit Algos.

    mceclip4.png
  10. Select Continue > Connect.
    Pera is now waiting for you to sign the transaction on your Ledger device.
    Your Ledger device displays: Review Transaction.



  11. On your Ledger device, use the right button to review the transaction. If all looks good, navigate to APPROVE and press both buttons simultaneously to sign the transaction.
    A confirmation message will appear once the transaction is confirmed on the Algorand blockchain.

    mceclip7.png
  12. Click Close.
    You're done.

 

*Rewards are not guaranteed. Ledger does not provide any financial advice or recommendation. 

 

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